On strike over unfair demands for concessions in contract negotiations including pension and over-time rules.
Reader Comments: Biden Recovery Plan; US History, Racism and Struggle for Racial Justice; Heroes But Not Saints; Myanmar; Yiddish, Immigrants, U.S. left; Book Sale; Puerto Rican Socialist Party; Climate Change; Pensions; Labor and Media; Zoom events
Reader Comments: GOP Voter Suppression; Asian Americans Attacked; Refugees, Immigrant children; AOC; Pensions; China, Uyghurs; Aretha Franklin biopic; Black-white unemployment gaps; Amazon workers; Challenging Antisemitism; Zoom events-lots; more...
For most troubled funds, the biggest underlying problem is simple: not enough current workers compared to the number of retirees. Chalk that up to employer schemes like deregulation and union-busting, along with unions’ failure to organize.
Pension legislation historically has been bipartisan—and it very well might be again in the future. After more than a decade of failed efforts, the retirement security of 1.5 million Americans and their families, finally, took priority.
The upward redistribution of income has cost Americans workers $50 trillion over the past several decades. On average, extreme inequality is costing the median income full-time worker about $42,000 a year.
Robbing workers’ pension funds has long been central to Wall Street's business model. A recent Supreme Court ruling opened the door for financial managers to take their looting of those pension funds even further.
Reader Comments: COVID Crisis: Congress Must Lead; This is Our Future; Massive Unemployment-One-Third of Young People Lost Jobs; Sanders Campaign; Crisis Exposes How Fragile Capitalism Was; Bailout the Pension System; Workers Fight Back; Farm Crisis;
This fight needs to start now and it needs to start with the unions, the progressive elected and working class activists.
A provision nestled in the year-end federal government's spending deal guaranteed pension and health care benefits to more than 100,000 coal miners and their families.
Spread the word